Barclays analyst Jeanine Wai maintained a Buy rating on Concho Resources (CXO) yesterday and set a price target of $153. The company’s shares closed yesterday at $104.73, close to its 52-week low of $93.31.
According to TipRanks.com, Wai is a 1-star analyst with an average return of -3.9% and a 41.2% success rate. Wai covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Continental Resources.
Concho Resources has an analyst consensus of Strong Buy, with a price target consensus of $160.14.
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Concho Resources’ market cap is currently $20.97B and has a P/E ratio of 8.05. The company has a Price to Book ratio of 1.12.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.
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Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include New Mexico Shelf, Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
